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Apr 1, 2010
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reaction to information, anticipation, and when they're right and make a lot of money, hey, this is america. if you're right, you're entitled to compensation nap doesn't mean that there isn't a role for regulation. wrmp a firm is large enough to pose systemic issues. >> as we saw with ltc. >> absolutely. >> turn it around 180 degrees. it's apparent there were teams of people from the sec and the new york federal reserve in lehmans when it was operating repo 105, whatever it was, behind the balance sheets, and long concern we don't attract -- because it's so much money, we don't attract the brightest and best into the regulators. is there possibly, hypothetically, a way to send these guys in on their own rate, own money, and have a transparency you can be led by them and analyze the positions they've gotten and see if that can feed back and raise red flags for those regulators? or is that just nonsense? >> absolutely. the regulators i know are very smart and competent and the professional, but there's only so many of them. they have limited power. >> subprime, that's the issue. >> some did a
reaction to information, anticipation, and when they're right and make a lot of money, hey, this is america. if you're right, you're entitled to compensation nap doesn't mean that there isn't a role for regulation. wrmp a firm is large enough to pose systemic issues. >> as we saw with ltc. >> absolutely. >> turn it around 180 degrees. it's apparent there were teams of people from the sec and the new york federal reserve in lehmans when it was operating repo 105, whatever it...
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Apr 8, 2010
04/10
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capitalism in america is alive and well. you opened your wallet, you spent money buying clothes, you gambled, you speculated on stocks. now our mission is to make money from those great single-stock stories in america. >> that is some energy you have there. smack me on the head and tale me i'm healed. smack me on the head right now. >> give me a single stock story. >> jpmorgan, morgan stanley and goldman sachs. they trailed the rest of the group. they've caught up lately. this is where you're going to make the money. buy the financials, buy the laggards. that's where you want to be right now. >> i'm glad you're so happy because i'm not after today. >> you lost money today? >>'m representative of the hedge fund community out there looking at the market and continuing after yesterday's market saying sold. consumer discretionary, oil against it. that didn't work out too well. do i trust the rally? no, absolutely not. but he who fights and runs away lives to fight another day. consumer credit is coming back. consumer is spending
capitalism in america is alive and well. you opened your wallet, you spent money buying clothes, you gambled, you speculated on stocks. now our mission is to make money from those great single-stock stories in america. >> that is some energy you have there. smack me on the head and tale me i'm healed. smack me on the head right now. >> give me a single stock story. >> jpmorgan, morgan stanley and goldman sachs. they trailed the rest of the group. they've caught up lately. this...
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Apr 13, 2010
04/10
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north america, europe, australia. do you have all the opportunity you can handle in those areas or are you also looking at places like china or the middle east? >> well, for our company, the u.s. domestic market, which is -- which even after 30 years of building no nuclear plants, it is the largest market. it is certainly big enough for our company. i would say if you are looking at other countries which have attracted nuclear programs that they're about to announce, in addition to the uae which was very hotly contested, i think mexico will announce several new nuclear projects. i think thailand will announce it. but the real opportunity is here. and the obama administration's decision not only to award the first loan guarantee but to ask for a total of $50 billion in loan guarantees for nuclear plants mean that this is going to be a $50 billion market for companies like ours over the next decade and it is probably going to spawn an industry that can quickly grow to being a $500 billion market if we look to grow to 10
north america, europe, australia. do you have all the opportunity you can handle in those areas or are you also looking at places like china or the middle east? >> well, for our company, the u.s. domestic market, which is -- which even after 30 years of building no nuclear plants, it is the largest market. it is certainly big enough for our company. i would say if you are looking at other countries which have attracted nuclear programs that they're about to announce, in addition to the...
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Apr 20, 2010
04/10
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we have talked a lot about the contract from america on this program. in fact, we unveiled them with ryan hecker a week ago. they are talking about constitutional limits to government, constitutional restraints on spending, on taxing. indeed on repealing obamacare. are these the principles guiding your decisions, your journeys, your travels and your endorsements? >> they're very consistent with the criteria we're using. we're looking for people not going to come to the senate to take on the bacon. that's what's gotten us trillions of dollars in debt. folks who swear off earmarks who want to repeal obamacare, who believe in limited federal government, keeping their oath of office. these are not right wing ideas. they are right in the middle of where most americans are. so i think that's why candidates like marco rubeo and marlin stutsman will do well. america has wakened up. it's not about political philosophy. it's about common sense. don't spend more than we are bringing in. stop adding to the debt. this appeals to democrats, republicans and independen
we have talked a lot about the contract from america on this program. in fact, we unveiled them with ryan hecker a week ago. they are talking about constitutional limits to government, constitutional restraints on spending, on taxing. indeed on repealing obamacare. are these the principles guiding your decisions, your journeys, your travels and your endorsements? >> they're very consistent with the criteria we're using. we're looking for people not going to come to the senate to take on...
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Apr 6, 2010
04/10
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independence is the spirit that drives america's most successful investors. announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> a look at today's business headlines. ray lahood says the government is now examining more than 70,000 documents to discover whether toyota has any other safety violations. on monday toyota was fined a record $16.4 million to waiting four months before disclosing a pedal flaw. >> i think toyota was safety deaf, i think they have a very bad business model. i told that directly to mr. t toyoda when he came to my office in washington, d.c. they know they have some serious, serious issuings, not the least of which is violating safety laws that they need to account for. >> and a federal districtius that the red wax seal coating is a well-known and valid trade market. it prohibits diageo from using a similar mark on its tequila bottles. >>> rescuers are trying to find four men. massey stock today very heavily traded. hampton pearson brings us the latest on the rescues. >> particularly the high numb
independence is the spirit that drives america's most successful investors. announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> a look at today's business headlines. ray lahood says the government is now examining more than 70,000 documents to discover whether toyota has any other safety violations. on monday toyota was fined a record $16.4 million to waiting four months before disclosing a pedal flaw. >> i think toyota was safety deaf, i...
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Apr 12, 2010
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this is america. 21st century america. >> i think i'm going to move to bermuda. >> let me make a suggestion, then. >> pardon my cynicism. >> go ahead. real quick. we're going to go. make a suggestion. >> my suggestion is that you stick with someone like a franklin, some of the really big bond houses that have very big pulls. if you do have some defaults, the default rate is historically very low, but if you did have some your investors would be protected and those retirees could get those monthly checks. >> we got to leave it there. thanks to both of you for joining us. >>> when we come back, what does the latest european plan to bailout greece mean for other european countries in trouble like spain and portugal? >> plus cnbc's special day long coverage on taxes america. we'll debate whether the u.s. should have the european style value and tax to offset our huge deficits. they're going to send it. it's a honey pot. you're watching cnbc, first in business worldwide. >>> hi, folks. i'm matt nesto. a is for apple and aig. up just about 4% here today. give it an f for failure at 40. the stock
this is america. 21st century america. >> i think i'm going to move to bermuda. >> let me make a suggestion, then. >> pardon my cynicism. >> go ahead. real quick. we're going to go. make a suggestion. >> my suggestion is that you stick with someone like a franklin, some of the really big bond houses that have very big pulls. if you do have some defaults, the default rate is historically very low, but if you did have some your investors would be protected and those...
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Apr 19, 2010
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everyone else bank of america was up 12%, jpmorgan up 4%. this is where these guys should be making their money and these guys are not. >> okay. it is judah rhoden. we apologize to andrew rhoden. but they are withholding their votes for andrew liverus and judith rhoden ahead of the shareholders meeting tomorrow. changing gears here, g.i. joe and the transformers grab the headlines. is the success of toys like these -- this is my little pony convertible. these are helping hasbro shares jump nearly 3%. with the consumer showing signs -- >> is it safe? >> the pony -- the ponies are strapped in. anyway. anyway. can shareholders expect more days like today? on the fast line hasbro ceo and "fast money" friend brian goldner. brian, we're having some fun with the ponies here on set. good to have you. >> hey, nice to see you guys. >> you said on the conference call that you feel more confident than you did 90 days ago in terms of reaffirming your 2010. what exactly happened in the past 90 days that made you more confident? are you seeing more orders?
everyone else bank of america was up 12%, jpmorgan up 4%. this is where these guys should be making their money and these guys are not. >> okay. it is judah rhoden. we apologize to andrew rhoden. but they are withholding their votes for andrew liverus and judith rhoden ahead of the shareholders meeting tomorrow. changing gears here, g.i. joe and the transformers grab the headlines. is the success of toys like these -- this is my little pony convertible. these are helping hasbro shares...
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Apr 26, 2010
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we're growing in latin america. we're moving ahead in the united states. a lot of the mining equipment that they're selling, doing very, very well. so this is a revenue story. you're exactly right about that. >> i think that's very, very important. >> let's give you a quick look at blackrock. the market not liking what it's seeing, the world's largest asset manager. look at that, larry. down 7%, almost 8% here. it's hard to figure out why the market is so negative on it. their profits tripled or something like that. net income quinn tup ld. eps tripled even though it was a little short of what the street expected. revenues a little light. i wonder whether they expected more in assets under management. assets under management in the first quarter basically sort of flattish. they still got more than $3 trillion under management. they are the biggest cat on the block. doing very nicely. >> i wonder if that's affected by the bank bill, by the bank regulation bill? i wonder if there's stuff in there we don't know about. >> could be. i'm not sure. but the revenu
we're growing in latin america. we're moving ahead in the united states. a lot of the mining equipment that they're selling, doing very, very well. so this is a revenue story. you're exactly right about that. >> i think that's very, very important. >> let's give you a quick look at blackrock. the market not liking what it's seeing, the world's largest asset manager. look at that, larry. down 7%, almost 8% here. it's hard to figure out why the market is so negative on it. their...
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Apr 12, 2010
04/10
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french fries and america's passion for them are legendary. but times change and people want better foods. so cargill helped a restaurant chain create a zero trans-fat cooking oil for their fries, that preserved their famous taste. this is how cargill works with customers. (announcer) we're in the energy business. but we're also in the showing-kids- new-worlds business. and the startup-capital- for-barbers business. and the this-won't- hurt-a-bit business. because we don't just work here. we live here. these are our families. and our neighbors. and by changing lives we're in more than the energy business we're in the human energy business. chevron. >>> welcome back to the presencef two of the most powerful nations coming face-to-face which happened earlier in washington in the sidelines of a nuclear summit with president obama expected to bring up currency peg with his counterpart hu jintao. he thinks that too much emphasis is placed on china appreciating the currency, and peter fisher is with us, and he is vice chairman and head of fixed port
french fries and america's passion for them are legendary. but times change and people want better foods. so cargill helped a restaurant chain create a zero trans-fat cooking oil for their fries, that preserved their famous taste. this is how cargill works with customers. (announcer) we're in the energy business. but we're also in the showing-kids- new-worlds business. and the startup-capital- for-barbers business. and the this-won't- hurt-a-bit business. because we don't just work here. we...
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Apr 16, 2010
04/10
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. >> is there any risk of -- after what happened with the bank of america, the case didn't go as well as you thought here, this is obviously high profile. if goldman is ability to prevail, is there any risk that the s.e.c. will -- enforcement reputation will be irreparably damaged? >> i think in the enforcement division or job is to investigate cases and filed charges where appropriate, and that's what we'll continue to do. >> there are those who would say you're a little late? >> i'm not sure who it is -- >> well, i don't know, it's 2007. >> but the point is we're bringing the case today. >> the market is way down today on this news. any idea why or in the thoughts what that's signaling? >> i wouldn't be particularly appropriate nor insightful for me to comment on how the market moves. >> thank you all. >> any goldman subtlement talks? >> thank you. >>> all right you've been listening to robert khuzami answering some questions, some of which were from our own david faber. and as he was finishing the comments, a commentary from paulson in response to the suit. i want to make sure ever
. >> is there any risk of -- after what happened with the bank of america, the case didn't go as well as you thought here, this is obviously high profile. if goldman is ability to prevail, is there any risk that the s.e.c. will -- enforcement reputation will be irreparably damaged? >> i think in the enforcement division or job is to investigate cases and filed charges where appropriate, and that's what we'll continue to do. >> there are those who would say you're a little...
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Apr 9, 2010
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abercrombie and fitch got an upgrade today from bank of america, merrill. and also, today, an ipo and maybe not as well as some folks would have liked, and the stock opened lower and perhaps overpriced as some on the program earlier on this program did in fact say, but the market clearly for ipos has picked up after what was a dismal 2009, and people see that as a positive sign as well. maria, i will hand it back to you and say that the last time we closed above 11,000 on the dow is september in 2008, and we failed to close above that level, and now i think that everything is going to come down to earnings season which kicks off monday with alcoa, and as we said that stock was downgraded a couple of times this week, so i would say there is a little psychological impact that could be right off of the bat here in the earnings season that we may get a disappointing report from alcoa, which is at least what some on wall street expect, and the impact going forward. >> well, the expectations have been drop and people have the expectations high out there with the
abercrombie and fitch got an upgrade today from bank of america, merrill. and also, today, an ipo and maybe not as well as some folks would have liked, and the stock opened lower and perhaps overpriced as some on the program earlier on this program did in fact say, but the market clearly for ipos has picked up after what was a dismal 2009, and people see that as a positive sign as well. maria, i will hand it back to you and say that the last time we closed above 11,000 on the dow is september...
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Apr 9, 2010
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personal economy, how many jobs in america are linked to the bloated and ridiculous tax code that we have? it might be bloated and ridiculous. >> is that necessarily a bad thing? you wonder about the revenue side and fairness. when was the last time we had significant tax reform in this country? it's been a long time. >> have we ever? >> yes, bill bradley back in the '80s. >> ronald reagan. >>> good morning, everyone. welcome to "the call." i'm trish regan. 90 minutes into trading where we are watching this market march closer and closer to 11,000 on the dow. stocks are up, commodities are on the rise. why isn't this market doing even better, you might ask. we'll talk about it. >> haveila a little patience, trish. walmart is cutting thousands of items in its stores. we'll discuss whether it's a sign of strength or weakness. >>> plus, fed president bill dudley says the fed should stop asset bubbles before they burst. can they? we'll discuss that, too. this is "the call" on cnbc. >>> all right, the dow is, once again, moving towards 11,000. this is as commodities push higher and more s
personal economy, how many jobs in america are linked to the bloated and ridiculous tax code that we have? it might be bloated and ridiculous. >> is that necessarily a bad thing? you wonder about the revenue side and fairness. when was the last time we had significant tax reform in this country? it's been a long time. >> have we ever? >> yes, bill bradley back in the '80s. >> ronald reagan. >>> good morning, everyone. welcome to "the call." i'm trish...
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Apr 23, 2010
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but america is back and consumer america is back in the stores and things are looking good in america. >> i think the worst is behind us. once again, big issues for us are still consumer confidence, high unemployment and they affect the kind of travel that takes place and we're starting to feel better. >> the market in australia and the market in new york give on the difficult economy that we have been going through, i feel that everchally will pick up again because people always need homes to live in. >> great deal of confidence returning into the market. spectacular sales coming up here in may. probably some of the best works to be offered for some time and they're going to do extremely well. >> i would give the advice to put a lot of focus in the international market right now because as far as films is concerned, it's becoming stronger and stronger and stronger. >> wow. >> wow, it was really positive across the board. america's back. the option market has turned. >> that's great news. >> i remember jonathan saying some of the very same people were saying the death of the consume c
but america is back and consumer america is back in the stores and things are looking good in america. >> i think the worst is behind us. once again, big issues for us are still consumer confidence, high unemployment and they affect the kind of travel that takes place and we're starting to feel better. >> the market in australia and the market in new york give on the difficult economy that we have been going through, i feel that everchally will pick up again because people always...
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Apr 20, 2010
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special report today on marijuana, an in-depth special on the economic, the politics of marijuana in america. and it shows that despite efforts for legalization of recreational pot used in california and the majority of americans are still opposed to legalization for any purpose though they support it for medicinal reasons. now according to our poll results on cnbc.com, 55% of americans oppose legalization for any purpose, but the one-third of the country is in favor. soap you can see right there, 33%, about one-third of the country actually thinks that this could be something that could be done and something pretty interesting, of those that were against legalization for any purpose, some softened when they considered taxing it. in fact 14% of them turned their vote in favor, provided the tax revenue would go to state programs and services. so it's showing you here that economic incentives here do matter a little bit anyway. moving on, we want to talk about whether or not legalize, were to be legalized, most that were polled believes state government should tax the sale of it by how much is
special report today on marijuana, an in-depth special on the economic, the politics of marijuana in america. and it shows that despite efforts for legalization of recreational pot used in california and the majority of americans are still opposed to legalization for any purpose though they support it for medicinal reasons. now according to our poll results on cnbc.com, 55% of americans oppose legalization for any purpose, but the one-third of the country is in favor. soap you can see right...
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Apr 9, 2010
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this includes jpmorgan, citigroup and bank of america. trades by an average of 42% at the end of each period. i thought everybody knew this. >> are you shocked? >> no. i thought this was standard operating procedure. >> right. >> but you know, they're supposed to be a little better behaved these days, right? >> well, i wonder. we're going to get jpmorgan starting next week. will they get away with it next week? >> the real question is, from a disclosure perspective, should they be required to show what their average is? there's no question that i think everybody knows at the end of the quarter, they always bring it down. it's a snapshot. but the question is, should they be required to disclose their average or the median number in addition to the end of the quarter number because then you would have a more realistic view. >> it should, but i think they're going to cry tmi, too much information, right? no. a snapshot is good enough. >> making a lot of news, the big story in the investing section of the judicial this morning, meantime, top
this includes jpmorgan, citigroup and bank of america. trades by an average of 42% at the end of each period. i thought everybody knew this. >> are you shocked? >> no. i thought this was standard operating procedure. >> right. >> but you know, they're supposed to be a little better behaved these days, right? >> well, i wonder. we're going to get jpmorgan starting next week. will they get away with it next week? >> the real question is, from a disclosure...
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Apr 27, 2010
04/10
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in north america a pretax profit of $1.2 billion. a couple other things, ford motor credit profit improving there. it was expected to deteriorate this year. that is no longer the case due to improving residual values on used vehicles. ford ending the quarter with just over $25 billion in cash. again, the headline, joe, ford reporting $2 billion profit for the quarter. 46 cents a share. well above the wall street estimate of 31 cent a share. we'll be talking with ford ceo alan mulally in a little bit and a first on cnbc interview on "power lunch" at 12:10. >> good morning and welcome back to "squawk box." i'm joe kernen along with carl quintanilla. becky quick in studio for the remainder of the show. william ackman, also this morning, the financial regulatory bill hitting a snag. democrating coming up short on a vote that would have started debate on the bill. we'll have austan goolsbee coming up. before we get to that, is it earning central? >> it's earning central and also everything that's happening on wall street. financial regula
in north america a pretax profit of $1.2 billion. a couple other things, ford motor credit profit improving there. it was expected to deteriorate this year. that is no longer the case due to improving residual values on used vehicles. ford ending the quarter with just over $25 billion in cash. again, the headline, joe, ford reporting $2 billion profit for the quarter. 46 cents a share. well above the wall street estimate of 31 cent a share. we'll be talking with ford ceo alan mulally in a...
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Apr 21, 2010
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the dow is led higher by boeing, bank of america and jpmorgan. shares of appm, though, are the standout of the session, up nearly 6%. quarterly profit ahead of expectations. 13 analysts have upgraded this stock today. revenue was up 49%. >>> and general motors chairman and ceo ed whitacre spoke to phil lebeau before he spoke to anybody else, and as phil said, they're looking for a first-quarter profit at general motors and a chance of the company going public. in kansas city, phil lebeau is talking with gm vice chair steve girsky in his first camera interview since taking the job. take it away again, phil. >> reporter: thank you very much, erin. let's point out here that i heard from several people with general motors. they said, hey, listen, we're not telegraphing a profit for the first quarter, but you saw the enthusiasm from ed whitacre jr. the vice chairman of general motors is joining me now, steve girsky. i have to ask you this, because it's clear when we were talking to ed, he said just you wait and see what we do in the first quarter. are
the dow is led higher by boeing, bank of america and jpmorgan. shares of appm, though, are the standout of the session, up nearly 6%. quarterly profit ahead of expectations. 13 analysts have upgraded this stock today. revenue was up 49%. >>> and general motors chairman and ceo ed whitacre spoke to phil lebeau before he spoke to anybody else, and as phil said, they're looking for a first-quarter profit at general motors and a chance of the company going public. in kansas city, phil...